$SPDR S&P 500 ETF Trust(SPY)$

$SPDR S&P 500 ETF Trust(SPY)$ This move on the hourly chart looks very similar to the gap-up pattern from the week of April 6th. Since this gap is smaller than the one on April 6th, I think we can expect a less significant follow-through. A move to the 780-800 range still seems reasonable to me. Of course, we'll need confirmation, which would include setting a new all-time high.

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